GST Audit Report Ledger Check List

CHECK LIST FOR AUDIT REPORT IN CONTEXT OF  GST RETURN GSTR-1 Viz GSTR-3B Part -A 1. SALES : 1. Check Continuation of Sales Bill serial number from previous month. To check whether any additional...

Errors in PFMS Validation and their Rectification: IGST

  S.No. Error Code Error Description Rectification  1  TBE0001 Error in reading file, File is malformed or Failed during schema validation. Not Applicable 2 TBE0002 Mandatory Tags values are missing in the Header Part. Not Applicable 3 TBE0003 Invalid Batch Format Not Applicable 4 TBE0004 Duplicate Batch ID/Message ID not...

RCM in case of Goods

In GST Tax Regime Reverse charge is applicable to Supply and supply includes both i.e. Goods as well as Services, If we talk about RCM in case of Goods then the recipient...

Negative List under GST : Schedule III

Following Activities or transactions shall not treated as supply under GST regime The law lists down matters which shall not be considered as ‘supply’ for GST by way of Schedule III. Since...

Part-1: Input Tax Credit under GST

Introduction Input Tax Credit means claiming the credit of the GST paid on purchase of Goods and Services which are used for the furtherance of business. The Mechanism of Input Tax Credit...

Composition Scheme

Composition Scheme ( Lump-Sump )   This Scheme is an Optional Pay Tax at the rate prescribed at minimal Rate Rates: Manufacturer  –  1% (0.5 % SGST + 0.5 % CGST (w.e.f.01.01.2018)** Trader  –...

Part-2 : Apportionment of credit and blocked credits under GST

Section 17 of the Central Goods and Services Tax Act, 2017 is provides about 'Apportionment of credit and blocked credits'. There are two situation where we need to apportion credit in...

Best Judgement Assessments under GST regime

In the new tax regime if you are filling GST return in incorrect manner or suppression of fact or supply details then in such cases Proper officer can made assessment base...

GST can not paid after 8 P.M. and if paid then not credit in...

Kindly Note by Every Tax Payer....      GST payment cannot be done after 8 P.M., and if tax payer want to do Payments then at the 1st glance bank denied for...

Outcome of the Meeting Held on 10th March 2018

Kye Highlights GST Council also agreed today to: (a) Defer the implementation of the e-Wallet scheme by 6 months i.e., upto 01.10.2018; and (b)Extend the present dispensation in terms of exemptions etc....

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